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| Name | Micron is still 'trending in the right direction': Analyst |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 27-06-2024 20:08:43 |
| Video Discription | Micron Technology (MU) reported fourth quarter earnings, surpassing expectations on the top and bottom lines. However, the company's weaker-than-expected outlook disappointed investors, triggering a downturn in the semiconductor sector and dragging chip stocks lower in Thursday's trading session. CFRA Research senior industry analyst Angelo Zino and Bloomberg Intelligence analyst Jake Silverman join the Morning Brief to dissect these results and their implications. Zino attributes the muted reaction in Micron's share price post-results to the "beat and raise" scenario that unfolded last quarter. He notes that there was "a little bit of an expectation" for another impressive performance this time around. Despite falling short of these lofty expectations, Zino highlights strengths in areas such as pricing and margins. "Overall, it's somewhat of a mixed picture, but Micron is... trending in the right direction here," Zino told Yahoo Finance. Despite the underwhelming results, Silverman maintains that Micron's "fundamentals remain pretty positive." He expresses optimism about the company's AI-related growth potential, even though it wasn't evident in this quarter's results. Silverman emphasizes that AI integration is still in its "early stages" at Micron, suggesting that the semiconductor company stands to be "a particularly strong beneficiary" of the ongoing AI boom. #youtube #news #Micron About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
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